Kelly was fired for his "abrasive management style," CNBC reports, citing
sources familiar with the matter.

Sources told CNBC that board directors felt his leadership
style was lowering company morale. They also feared people
might leave the bank as a result of Kelly's management
techniques.

So board directors decided to take the matter into their own
hands.

What's more is, Kelly, who is a member of the board, never saw it
coming.

Board members met secretly in small groups for a couple weeks
with HR reps, the report said. On Tuesday, August 30, the
entire body convened to make their decision to let Kelly go
known, and replace him with Gerald Hassel.

Hassel, who was also a member of the board, apparently didn't see
it coming either.